There’s a ton of stuff happening across Maryland that directly impacts CPAs and their clients, and I know what you’re saying: “How can I possibly keep up with it all?” Here’s one way: Hang out with the MACPA’s State Tax Committee. Each year, committee members meet with representatives of Maryland’s State Department of Assessments and … Continued

There’s a ton of stuff happening across Maryland that directly impacts CPAs and their clients, and I know what you’re saying: “How can I possibly keep up with it all?”

Here’s one way: Hang out with the MACPA’s State Tax Committee.

Each year, committee members meet with representatives of Maryland’s State Department of Assessments and Taxation; the state Department of Labor, Licensing and Regulation’s Division of Unemployment; and the state Department of Business and Economic Development. Their goal: To get updates on important regulatory changes and share those updates with the rest of the MACPA membership.

Beverly Bareham, a senior manager with SC&H Group and a member of the State Tax Committee, was at the meeting and filed a series of reports that include details about a number of key issues and initiatives:

SDAT representatives focused on procedural reminders, the impact of budgetary constraints, and a new due date for the principal resident certification for the Homestead Tax Credit.

The DLLR’s Division of Unemployment took a closer look at increased taxable wages, reduced unemployment payments, tax rate adjustments, and recent legislation that impacts the state unemployment tax.